RIVN is entering "Buy Pending" mode. This once $180 stock (Nov 2021) has bolted above its trend signal line in its Daily Trend Model. Calls are cheap, if this goes up just a few points the Jun at or out of the money calls are ripe for a triple digit gains, maybe multiple triple digits. This was a $25 stock just two months ago, before the release good fundamental news. RIVN RIVN Jun Calls One year ago a similar RIVN Buy Signal sent the shares from $14 to $28 between May and July, while the most recent Buy late in 2023 sent shares up 33% in just one month. A double from current levels takes the shares to $25 (Dec 2023 highs), while a more modest 33% move sends the shares to about $17-18. RIVN Buy Pending. Trigger: A close above $13.00 and/or fresh up arrow on Trend Model. Option: Jun 21st $15C; Aggressive Traders see Apr Calls below. Stop: 50% Trailing. Aggressive Traders: This pick assumes an immediate 30 day rally to the mid-to-high teens, minimum. The Jun series allows much more time to achieve much higher prices. RIVN - Buying the next blue arrow News Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings Shares of Rivian Automotive surged 13% on Thursday as the EV maker unveiled three new vehicles and announced more than $2 billion in savings related to pausing construction on a plant in Georgia.
